I certanly hope so as I put my money where my charts are today.
Just to ensure nobody is of any other allusion. The C&H pattern is forming, but has not yet formed to confirm. I simply like where it is heading.
The secondary indicators I use and mostly successfully are the MMA's. NMR's MMA's look particularly enticing.
Time will tell if I was right or not. It could settle a little lower at 4.4/4.5 but if it breaks that it will test 4.0. IMO the double bottom yesterday was a positive sign and holding above 4.5 today was good enough for me to take an early entry.
I have only used TA here as an entry point I am comfortable with for a possible MT/LT hold. I think this is one I may hang onto for a while as it offers potential of massive upside. If it doesn't break and hold 6.4 though, of which I think it will, I will take the profits and wait for it to settle again.
For now I sit and wait.
NMR Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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